UBS analyst Josh Silverstein lowered the firm’s price target on Chevron to $206 from $210 and keeps a Buy rating on the shares ahead of the Q3 earnings report. The firm expects Q3 EPS of $3.46, up from $3.22 previously, and models Upstream net income of $5.2B vs. $4.9B in Q2, with production of 3,023mboed, slightly higher than Q3’s 2,954mboepd, the analyst tells investors in a research note.
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